Reinsurance News
Swiss Re adopts TCFD’s recommendations for climate-related risks
14th December 2016
Reinsurance giant Swiss Re today announced that it has adopted recommendations published by the Task Force on Climate-related Financial Disclosures (TCFD), which were released today by the TCFD in London. The TCFD today released its report, 'Recommendations of the Task Force on Climate-related Financial Disclosures,' outlining some recommendations for climate-related exposures to ... Read the full article
Reinsurance News – Wednesday 14th December 2016
14th December 2016
Here’s your daily Reinsurance News for Wednesday 14th December 2016: Current year underwriting not profitable at Lloyd’s: Beale & Nelson Inga Beale and John Nelson, the CEO and Chairman of the specialist Lloyd's of London insurance and reinsurance marketplace, have said that current accident year underwriting in the market isn't profitable. Read the full article
Bentley returns to lead new Global Strategic Advisory unit at Guy Carpenter
13th December 2016
Reinsurance broker Guy Carpenter has announced the launch of a new Global Strategic Advisory unit, which consists of its Advisory, Analytics, Structured Risk, M&A Advisory, Lloyd’s Capital, and Business Intelligence capabilities. Rob Bentley will re-join the reinsurance broker insurance focused sister firm Marsh, where he was most recently in charge of ... Read the full article
A.M. Best maintains stable outlook for U.S. life reinsurance market
13th December 2016
International financial services ratings agency, A.M. Best, has maintained its stable outlook for the U.S. life reinsurance marketplace, in spite of the company recently revising its outlook on the U.S. life/annuity industry to negative, and maintaining its negative outlook on the global reinsurance market. A recent A.M. Best briefing on ... Read the full article
Reinsurance News – Tuesday 13th December 2016
13th December 2016
Here’s your daily Reinsurance News for Tuesday 13th December 2016: Guy Carpenter appoints Nash to lead new International division Reinsurance broker Guy Carpenter has announced the appointment of James Nash to President, in a newly established international division. Aspen Re renews Silverton Re sidecar for 2017 Aspen Reinsurance recently ... Read the full article
Guy Carpenter appoints Nash to lead new International division
13th December 2016
Reinsurance broking group Guy Carpenter has announced the appointment of long-time employee James Nash to the role of President, in a newly created International division, subject to regulatory approval. Nash, who has been with Guy Carpenter since 1985 and currently leads its Asia Pacific operations, will head up a unit covering ... Read the full article
Munich Re Chairman von Bomhard enters Insurance Hall of Fame
12th December 2016
Chairman of the Board of Management at reinsurance giant Munich Re, Nikolaus von Bomhard, has been announced as the 2017 Insurance Hall of Fame Laureate, by the International Insurance Society (IIS). The IIS today announced that Dr. von Bomhard is the latest addition to the Insurance Hall of Fame, which honours insurance ... Read the full article
Reinsurance News – Monday 12th December 2016
12th December 2016
Here’s your daily Reinsurance News for Monday 12th December 2016: Reinsurance profitability pressure increases: EIOPA Regulator EIOPA has warned that the reinsurance market can expect rate declines and pressure on profits in the sector to persist, as market headwinds continue to challenge the market. XL Catlin’s reinsurance segment ... Read the full article
Public-private Chinese reinsurance firm Qianhai Re rated
11th December 2016
Qianhai Reinsurance Co., Ltd., the fourth reinsurer to gain approval for launch in China, has been rated A- by A.M. Best and now begins its task of seeking relevance within its domestic market, with global ambitions also on the cards we understand. Launching with around RMB 3 billion (approximately US$460 million), ... Read the full article
XL Catlin’s reinsurance segment announces leadership changes
9th December 2016
Insurer and reinsurer XL Catlin has announced several leadership changes within its reinsurance operations, including the appointment of Charles Cooper, currently Chief Executive Bermuda Reinsurance, as Chief Executive of XL Catlin’s Reinsurance business group. Replacing Cooper in Bermuda will be XL Catlin's current Chief Executive London Reinsurance, Jonathan Gale, subject to Bermuda immigration approval. ... Read the full article
Reinsurance News – Friday 9th December 2016
9th December 2016
Here’s your daily Reinsurance News for Friday 9th December 2016: NFIP proposal calls for capital market reinsurance alternatives A new proposal calls for the use of traditional and alternative reinsurance and risk transfer solutions to support the de-risking of the U.S. government's National Flood Insurance Program (NFIP). W.R. ... Read the full article
Even Munich Re’s normalised combined ratio nears breakeven
8th December 2016
International financial services ratings agency, Fitch Ratings, has commented on the impact the softening reinsurance market is having on the underwriting profitability of reinsurer Munich Re, stating that the company's P&C reinsurance normalised combined ratio deteriorated to 99.9% in the first nine months of 2016. Lower than expected losses from natural ... Read the full article
Reinsurance News – Thursday 8th December 2016
8th December 2016
Here’s your daily Reinsurance News for Thursday 8th December 2016: Cost-of-capital to be a struggle in reinsurance: S&P Global ratings agency Standard & Poor's has warned that reinsurers are going to find it increasingly difficult to meet cost-of-capital requirements in the softening landscape. Aon looks to sell ... Read the full article
Guy Carpenter & Munich Re help CGIF to first reinsurance treaty
7th December 2016
Reinsurance giant Munich Re and broker Guy Carpenter have helped the Credit Guarantee and Investment Facility (CGIF) complete its first reinsurance treaty, signalling a new beginning for specialty reinsurance in Asia. The innovative reinsurance treaty was executed with a panel of leading reinsurers, led by Munich Re's specialist credit reinsurance team. The ... Read the full article
Reinsurance News – Wednesday 7th December 2016
7th December 2016
Here’s your daily Reinsurance News for Wednesday 7th December 2016: Enstar enters into $919 million QBE Legacy deal Enstar Group has revealed that one of its subsidiaries has entered into an agreement with a division of QBE Insurance Group, to reinsure U.S. P/C business, assuming gross reinsurance reserves of roughly $919 ... Read the full article
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